How to Really Make Money Online: A Guide for Beginners

The High-Level Concepts:

  1. You may not think you’re selling anything, but I bet your company is. So, either directly or indirectly, you are supporting the sales of your organization.
  2. Whether or not your company is selling something to others, you are selling something to your company; and it happens to be your most valuable resource: time. Think about this for a second, how do you get paid? What is the metric you get paid by? The vast majority of people out there get paid either by the year (we call that a salary), or by the hour (which we call a wage).
  1. First, let’s think about an album (depending on your age, you can imagine a CD, a cassette tape, an 8 track, a vinyl record, or whatever form you associate with purchasing music). The concept here is that you would put in the work once to write and record all the songs. The amount of money that you can make is not going to be dependent on how much time it took you to create the album, it’s going to depend on how well the album sells. You invested your unpaid hours into creating something that could be sold instead of your time.
  2. Next, let’s think about the example of a book: Stephen King is still making money off of The Shining, and he hasn’t done any work on it in decades.
  1. The only way to make money online is to sell something. This means that as we start to dive into the strategy and tactics of making money online we need to understand that in order to make any money online we need to figure out how to sell something. Fortunately there are lots of ways to do that.
  2. Instead of trading time for money, we want to invest time in creating something that we can sell instead of our time so that we can continue to get paid even after we have stopped working.

The Strategy:

The Tactics:

1) Advertising

2) Affiliate Marketing

3) Selling Your Own Products and Services

4) Donations

5) Freelancing

6) Sell Your Online Business

Final Thoughts

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Matthew Kent

Matthew Kent

Done settling for average. Now I have my sights set on awesome 😎 Get “The Ultimate Daily Checklist,” my free ebook on productivity: http://bit.ly/2pTziwr